[SAJ]

Refining margins for motor gasoline are absolutely terrible right now, and have been for nearly a year. Nobody is making money refining crude -- take a look at the price of refining companies' shares in the stock market. Valero, the largest more-or-less ''pure'' refiner, is trading at 52-week lows, as are most of the others.

[expat_panama]

G'morning M8

The fact that McCain's aware of his economics ignorance hasn't kept him from accusing futures traders of adding nothing to the economy.  That's the good news.  The bad news is that Obama's worse.

[RSmithOpt]

I remember the Nixon and Carter years well. Thank all of you for your inputs.

It's not a simple solution at tis time and the adjustments for the American public are painful and are going to continue for a while.

If the wholes price drops soon to under $100....that will help a lot for the domestic and global economy. In the meantime....keep drilling!!